Wilcon Depot, Inc., which is the Philippines’ biggest store for home improvement and construction supplies, has announced how much money they made in the first six months of 2026. According to their report filed with the Securities and Exchange Commission on August 11, 2026, the company earned P1.2 billion in net income during this period.
What Are The Big Numbers?
Let’s break down what happened in simple terms. Think of Wilcon like a giant hardware store where people buy things to build or fix their homes – like tiles, paint, tools, and bathroom fixtures.
Here’s what the company achieved in the first half of 2026 (January to June):
- Total sales reached P19 billion – This means customers spent almost P19 billion buying things from Wilcon stores. That’s 10.9% more than what they sold during the same time last year.
- Net income was P1.204 billion – This is the actual profit or money the company gets to keep after paying for all their expenses. It went up by 3.5% compared to last year.
- Same-store sales grew by 6.6% – This means that even in stores that were already open last year, more people came in and bought more things.
What Happened in the Second Quarter?
The second quarter covers April, May, and June of 2026. During these three months:
- Net income reached P641 million, which is 2.4% higher than the same period in 2025
- Total sales hit P9.807 billion, up 12.7% from last year
- Same-store sales jumped by 8.4%, showing strong customer demand
What Did The Company Leader Say?
Lorraine Belo-Cincochan, who is the President and CEO (the top boss) of Wilcon, explained that while more customers came to their stores and bought more items, they sold more products that don’t make as much profit. She said every region where they have stores showed growth, which is good news.
She also mentioned that some costs went up because of things the company can’t control, but they’re working on ways to manage these expenses better in the coming months.
New Stores Are Opening
Wilcon opened five new stores in the first half of 2026. These new stores cost money to run, which is why their operating expenses (the money spent to keep the business running) went up. The company spent P1.2 billion on building new stores and warehouses.
They plan to open three more stores before the year ends.
Why Did Profit Margins Go Down A Little?
Here’s something important to understand: Wilcon sells two types of products:
- Exclusive and in-house brands – These are products only Wilcon sells, and they make more profit from these
- Non-exclusive products – These are regular brands you can find in other stores too, and they make less profit from these
In the first half of 2026, people bought more of the non-exclusive products (the ones with lower profit). Because of this, Wilcon’s gross profit margin (the percentage of money they keep before paying expenses) dropped from 38.5% to 37.5% in the second quarter.
What Costs Went Up?
The company’s operating expenses increased by P423 million in the first half compared to last year. Most of this increase happened because of:
- Salary increases for employees
- Higher electricity bills because power rates went up
- Costs from renewing leases for their store locations
- Expenses for new stores they opened
- Trucking and delivery costs
Different Types of Wilcon Stores
Wilcon operates different store formats:
- Wilcon Depots – These are the big stores and they made up 96.3% of all sales (P18.274 billion)
- DIW (Do It Wilcon) – These are smaller stores, contributing 3.2% of sales (P607 million), with sales growing 12.4%
- Project Sales – Sales to big construction projects, accounting for 0.5% (P96 million)
The company also operates stores under the names Wilcon Home Essentials, Bargain Center by Wilcon Depot, and Wilcon Premier Outlet Depot.
Company Financial Position
As of June 30, 2026, Wilcon Depot had:
- Total assets worth P41.634 billion
- Total equity (what the company owns after paying debts) of P24.375 billion
- Outstanding common shares of 4,099,724,116
The company is headquartered at 90 E. Rodriguez Jr. Avenue, Ugong Norte, Quezon City, and is registered with the SEC under registration number CS201524712.
This financial report represents unaudited results for the six-month period ending June 30, 2026, as disclosed by the company through an SEC Form 17-C filing.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
